Thursday, 27 October 2022

Oil Price Breaks Out of Bull Flag Formation to Eye Monthly High

The price of oil may continue to retrace the decline from the monthly high ($93.48) as it breaks out of a bull-flag formation.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...